Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-March, 2012reached 3 586.9 million manats, while budget expenditures constituted 1 919.9 mln. manats.
The revenues from managing assets of the Fund for the reporting period amounted to 234.5 mln. manats.
The Fund's extra-budgetary revenues related to the revaluation of foreign exchange totalled 336.1 mln. manats.
As per 2012 budget of the Fund, 1 839.8 mln. manats were transferred to the state budget. The expenditures in the amount of 48.7 mln. manats were directed to financing of improvement of social condition of refugees and internally displaced persons, 20.8 mln. manats were used for financing the reconstruction of the Samur-Absheron irrigation system. 3.7 mln. manats were directed to financing "The state program on the education of Azerbaijan youth abroad in the years 2007-2015" and 4.8 mln. manats were directed to financing Baku-Tbilisi-Kars railway. The Fund's administrative and operational expenses in this period were 2.1 mln. manats.
The assets of SOFAZ as at April 1, 2012 has grown by 8.6 % compared to the beginning of 2012 (USD 29 800.0 mln.) and stood at USD 32 359.4 mln.
Starting from the firstquarter of2012 the Oil Fund has begun purchase of gold and the amount of gold in this period were 2 tons 804 kg (90 143 ounces) .
The revenues from managing assets of the Fund for the reporting period amounted to 234.5 mln. manats.
The Fund's extra-budgetary revenues related to the revaluation of foreign exchange totalled 336.1 mln. manats.
As per 2012 budget of the Fund, 1 839.8 mln. manats were transferred to the state budget. The expenditures in the amount of 48.7 mln. manats were directed to financing of improvement of social condition of refugees and internally displaced persons, 20.8 mln. manats were used for financing the reconstruction of the Samur-Absheron irrigation system. 3.7 mln. manats were directed to financing "The state program on the education of Azerbaijan youth abroad in the years 2007-2015" and 4.8 mln. manats were directed to financing Baku-Tbilisi-Kars railway. The Fund's administrative and operational expenses in this period were 2.1 mln. manats.
The assets of SOFAZ as at April 1, 2012 has grown by 8.6 % compared to the beginning of 2012 (USD 29 800.0 mln.) and stood at USD 32 359.4 mln.
Starting from the firstquarter of2012 the Oil Fund has begun purchase of gold and the amount of gold in this period were 2 tons 804 kg (90 143 ounces) .
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